In Step 6, the Calculator asks you what portion of the proceeds you would donate to charity, if you sold the car. Please choose a percentage, from 10% up to 100%.
A few thoughts,
- The percent you donate is totally up to you.
- You can use proceeds to donate to more than one charity.
- You’ve incurred the hassle cost when you sold your car. You might want hold on to part of the sales proceeds to reward you effort.
- If you itemize deductions, your charitable contribution deduction will based on the amount of proceeds you donate.
Posted in: Car Donations